KEY ISSUES The IMF has been supporting Malawi under an Extended Credit Facility (ECF) arrangement. A 36 month, SDR 104.1 million (150 percent of quota) Extended Arrangement under the ECF was approved by the Executive Board on July 23, 2012 and the Third and Fourth reviews were concluded on...

This 2014 Article IV Consultation highlights that Niger’s overall macroeconomic performance has been broadly satisfactory. After the economic slowdown in 2013 owing to the regional security situation and adverse climatic conditions, economic growth has rebounded in 2014. Inflation has...

EXECUTIVE SUMMARY Recent data point to a gradual pick-up in economic activity as the effects of the drought fades. Growth should reach 2 percent in 2015/16, and inflation is projected to fall to an average of 5¼ percent, largely owing to lower fuel prices. The program is on track. All...

KEY ISSUES Background. The Ebola outbreak that started in one district in late May has spread to the entire country, overwhelming already weak institutions and ill-equipped medical facilities. At end-August, over 1000 people were infected and more than a third had died from the disease. The...

This paper discusses Mali’s First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Waiver of Performance Criteria (PC), and Request for Modification of PC. Economic recovery is under way but remains fragile. The buildup of the large-scale donor support has...

This paper discusses Solomon Islands’ Third Review Under the Extended Credit Facility (ECF) Arrangement and Request for Modification of Performance Criteria (PC). Program performance under the ECF arrangement has been broadly satisfactory. Reserve buffers have been rebuilt and are at a...

EXECUTIVE SUMMARY Context. On June 7, 2013, the Executive Board approved a 24-month SBA in an amount equivalent to 400 percent of quota (SDR 1.15 billion or about $1.75 billion). To date, SDR 427.92 equivalent to $659 million has been disbursed. The pillars of the program are to: (i) achieve...

EXECUTIVE SUMMARY Guinea is suffering from an outbreak of Ebola, which has become a humanitarian crisis with a significant economic impact. Preliminary estimates suggest a negative impact on 2014 growth, which will be markedly lower. Government revenue is showing a substantial shortfall and the...

This paper presents Jamaica’s Third Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria report. The IMF staff report highlights that recent data is in-line with GDP growth of some 1 percent in 2013–2014....

This Seventh Review Under the Extended Credit Facility of Haiti focuses on economic activity that continued to advance in FY2013, despite negative weather events early in the fiscal year. The fiscal deficit increased to 6.7 percent of GDP in FY2013 owing to a gasoline price freeze that dented...